Transport for London has set out plans to make an extra £2.6bn of efficiency savings before 2018 in order to protect investment in frontline services. Total efficiencies are now expected to deliver savings of £7.6bn during the period. Major cost reductions highlighted by TfL in its new business plan include:
£400m from ticket office changes driven by a reduction in 800 management and operations roles
£375m from efficiencies in IT systems
£460m in bus...
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